Insurance

Life insurance needs calculator

A simple estimate using the DIME method — Debt, Income, Mortgage, Education — of how much coverage would keep the people who depend on you financially secure.

Annual income to replace

Years to replace it

Often until kids are independent.Mortgage balance

Other debts

Final expenses

Funeral, medical, estate costs.Children's education fund

Existing coverage + savings

Coverage you may need

$900,000

Total need before offsets

$950,000

Income + debts + education + final costs

Income replacement$600,000

Mortgage + debts$235,000

Education + final expenses$115,000

− Existing coverage & savings$50,000

Estimated coverage gap$900,000

Term life is cheaper than most expect

A healthy adult can often cover a large policy for the price of a couple of streaming subscriptions. Comparing quotes takes minutes.

The DIME method is a quick estimate, not a personalized recommendation. Needs vary with family situation and existing benefits. This is general information, not insurance or financial advice.